Important Information for Investors: Securities Class Action Lawsuit Filed Against SoundHound AI, Inc.
On April 12, 2025, the law firm of Kessler Topaz Meltzer & Check, LLP announced that a securities class action lawsuit has been filed against SoundHound AI, Inc. (SoundHound) in the United States District Court for the Northern District of California. The lawsuit alleges that SoundHound and certain of its executives violated federal securities laws by making false and misleading statements regarding the company’s business, operations, and financial condition.
Details of the Lawsuit
The complaint, filed on behalf of the class of investors who purchased or otherwise acquired SoundHound securities between May 10, 2024, and March 3, 2025, alleges that SoundHound and its executives made false and misleading statements and failed to disclose material information during the Class Period. Specifically, the complaint alleges that SoundHound misrepresented the progress and prospects of its Houndify voice AI platform and its partnership with a major automaker.
Impact on Investors
If the allegations in the lawsuit are proven true, investors who purchased SoundHound securities during the Class Period may be entitled to compensation. The lead plaintiff deadline for the lawsuit is May 27, 2025. Investors who believe they may have a claim should contact the law firm to discuss their options.
Impact on the World
The securities class action lawsuit against SoundHound is significant because it raises concerns about the accuracy of the information provided by publicly traded companies to investors. The lawsuit also highlights the importance of transparency and honesty in corporate communications. If the allegations are proven true, it could lead to increased scrutiny of SoundHound’s business practices and potentially result in regulatory action.
Conclusion
The securities class action lawsuit filed against SoundHound AI, Inc. is a reminder for investors to be vigilant when making investment decisions. It is important to carefully research a company and its executives before investing, and to be aware of any potential red flags. If you purchased SoundHound securities during the Class Period and believe you may have a claim, it is recommended that you contact a qualified securities attorney to discuss your options.
- Kessler Topaz Meltzer & Check, LLP files securities class action lawsuit against SoundHound AI, Inc.
- Allegations of false and misleading statements regarding Houndify voice AI platform and partnership with major automaker.
- Lead plaintiff deadline is May 27, 2025.
- Impact on investors: potential for compensation if allegations proven true.
- Impact on the world: increased scrutiny of SoundHound’s business practices and potential regulatory action.
